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2010 SESSION

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SB 20 Open-end loan plans; caps finance charges and fees that may be charged on extension of credit.

Introduced by: Mamie E. Locke | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Car title loans; finance charges.  Caps the finance charges that a lender may charge on an open-end credit plan that is secured by a nonpurchase-money security interest in a motor vehicle at an annual rate of 36 percent.


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